Issues in Citizenship-Based Taxation in the US & Beyond
On Monday, June 3rd at 12:00 pm BST, we hosted a webinar dedicated to issues revolving around citizenship-based taxation in the US and beyond.
Only the USA (and Eritrea) works with a citizenship-based method of taxation. All other countries in the world use residency—what is known as territorial taxation—to determine the individuals and companies that will be subject to local taxation.
Hence, the US is the sole country in the world that levies taxes on its citizens and residents even if they are living or working abroad.
This webinar looked at territorial vs. citizenship-based taxation, their advantages and disadvantages, and the many challenges and questions posed by the US’s use of a citizenship-based system.
Video-recording and transcript
Stay tuned for the transcript!
Submit Your Follow-Up Questions
Do you have any follow-up questions on citizenship-based taxation and any of the challenges it poses?
Our Citizenship-Based Taxation Panelists
John Richardson, Lawyer, Citizenship Solutions, Toronto, Canada
John Richardson is a Toronto, Canada based lawyer.
He provides advice and assistance for US citizens and Green card holders who do not reside in the United States. He specializes in US citizenship relinquishment, Green Card expatriation and assisting US persons with their compliance obligations. You can contact him on his website www.citizenshipsolutions.ca.
Dr. Karen Alpert, Finance Lecturer, University of Queensland Business School, Australia
Dr. Karen Alpert lectures Finance at the University of Queensland Business School in Australia. Dr. Alpert’s qualifications include a PhD in Finance (University of Queensland), Masters in Tax (University of Southern California) and MBA (University of California, Berkeley). Her research explores the impact of taxation and government regulation on financial decision-making.
Leonard Tuber, Partner, International Tax Help, Israel
Leonard specializes in complex areas of US international tax compliance and reporting. He has held senior and managerial positions in large accounting firms and is currently the CEO and founder of Leonard Tuber USA Tax Services Ltd. He is recognized in the industry as an expert in complex areas of revenue recognition unique to US citizens conducting business overseas. Leonard frequently lectures on areas of US taxation and voluntary disclosure programs. He is highly sought after by fellow tax practitioners for advice on emerging issues. Leonard earned his B.S. in Accounting from the University of Akron in Ohio and is admitted to practice before the Internal Revenue Service as an Enrolled Agent.
Larry Stern, Partner, International Tax Help, Israel
Larry Stern is a US CPA practicing in Israel for the last 9 years and Partner in a mid-size Israeli CPA firm. His firm provides both US and Israeli tax consulting and compliance work (tax returns, audit) for individuals, companies, partnerships, non-profit organizations and more.
Larry has over 20 years of experience in the field of international tax with over 12 years of experience at Big 4 firms in the US and Israel.
For individuals, Larry specializes in taxation for dual citizens (ongoing filing requirements and tax planning, accompaniment through the process of giving up citizenship, etc.); international relocations; executive compensation (stock options, RSUs) and its international complications; overseas investments by non-US persons, and; retirement planning (US and foreign pension withdrawals, US social security, etc.). He is also a Certified Acceptance Agent (CAA) for the IRS and can assist non-US persons in obtaining ITINs.